B: WhiteFiber NC-1 deal is promising, says B. Riley, seeing 127% upside after stock price plunge

The analyst team said the first long-term co-location agreement at NC-1 validates WhiteFiber’s retrofit model. What to know : B. Riley said WhiteFiber’s NC-1 Nscale deal backs the company's timeline and execution. Lender talks for a construction facility are advanced, with potential credit enhancements. The bank's analysts reiterated their buy rating on the stock while trimming their price target to $40 from $44 following the stock's more than 50% decline from record highs.